Florence has a population of 40,781 with a median age of 34.9. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 40,781 |
| Median Age | 34.9 |
| White | 72.6% |
| Black or African American | 18.7% |
| Asian | 1.0% |
| Hispanic or Latino | 4.9% |
| Other / Two or More Races | 2.8% |
The median household income in Florence is $47,048, which is 37.4% below the national median of $75,149. The per capita income is $28,399. The poverty rate is 19.9%.
The unemployment rate in Florence is 5.7%, compared to the national rate of 5.4%.
In Florence, 88.5% of residents age 25+ have a high school diploma or higher, and 28.2% hold a bachelor's degree or higher (10.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 88.5% |
| Bachelor's Degree or Higher | 28.2% |
| Graduate or Professional Degree | 10.9% |
The median home value in Florence is $168,800, below the national median of $281,900. The median monthly rent is $757. The homeownership rate is 49.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $168,800 |
| Median Monthly Rent | $757 |
| Homeownership Rate | 49.9% |
| Vacancy Rate | 13.6% |
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